Shares of Subex Limited (NSE: SUBEXLTD) surged 8.20% to ₹12.93 after the telecom solutions provider announced a major international contract win in Europe. The company revealed that it has been selected by a leading telecom operator in the Netherlands to deliver a single, converged platform for MVNO billing and wholesale partner settlement, marking a significant milestone in its global expansion strategy.
The deal, valued at USD 6.62 million, spans six years with an option for a two-year extension, reinforcing Subex’s long-term strategic relationship with the European telecom operator.
According to the company, the project aims to consolidate multiple business processes—including MVNO billing, partner management, and wholesale settlement—into a single streamlined platform, improving operational efficiency and cost optimization.
Subex’s solution will cover diverse service domains such as Routing, Interconnect, OTT, SMS, DCB, and Wholebuy Billing, enhancing scalability for large telecom networks.
The announcement boosted investor sentiment, driving Subex shares to a strong early gain. The stock opened higher and touched an intraday peak of ₹13.05 before settling around ₹12.93 at the time of reporting.
At the time of writing, Subex shares were trading 8.20% higher at ₹12.93, compared to the previous close of ₹11.95.
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